SIG plc (SHI) Given Buy Rating at Peel Hunt

SIG plc (LON:SHI)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a note issued to investors on Monday. They presently have a GBX 175 ($2.21) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 21.53% from the stock’s previous close.

A number of other research firms also recently commented on SHI. Canaccord Genuity raised their price objective on SIG plc from GBX 97 ($1.23) to GBX 116 ($1.47) and gave the stock a “hold” rating in a report on Wednesday, March 15th. Liberum Capital raised their price objective on SIG plc from GBX 88 ($1.11) to GBX 95 ($1.20) and gave the stock a “sell” rating in a report on Monday, March 27th. Jefferies Group LLC restated a “hold” rating and issued a GBX 110 ($1.39) price objective on shares of SIG plc in a report on Thursday, March 16th. Shore Capital started coverage on SIG plc in a report on Tuesday, May 16th. They set a “buy” rating on the stock. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 96 ($1.21) target price on shares of SIG plc in a report on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 115.33 ($1.46).

Analyst Recommendations for SIG plc (LON:SHI)

Shares of SIG plc (LON SHI) opened at 145.38515 on Monday. The company has a 50-day moving average of GBX 139.31 and a 200 day moving average of GBX 114.63. SIG plc has a one year low of GBX 86.60 and a one year high of GBX 156.00. The stock’s market capitalization is GBX 859.89 million.

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In other SIG plc news, insider Leslie Van de Walle sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of GBX 126 ($1.59), for a total value of £63,000 ($79,696.39).

SIG plc Company Profile

SIG plc is a United Kingdom-based distributor of building products in Europe. The Company is engaged in the supply of specialist products to construction and related markets. It operates in two segments: UK & Ireland and Mainland Europe. It focuses its activities into approximately three product sectors: Insulation and Energy Management; Exteriors, and TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:SHI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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